Vontobel Holding Ltd. Invests $474,000 in Duolingo, Inc. (NASDAQ:DUOL)

Vontobel Holding Ltd. purchased a new stake in Duolingo, Inc. (NASDAQ:DUOL) in the third quarter, according to its most recent filing with the SEC. The fund purchased 1,682 shares of the company’s stock, valued at approximately $474,000.

Several other institutional investors and hedge funds have also made changes to their positions in DUOL. Blue Trust Inc. bought a new stake in Duolingo during the second quarter valued at $32,000. Larson Financial Group LLC bought a new stake in shares of Duolingo during the 2nd quarter valued at about $31,000. GAMMA Investing LLC raised its position in shares of Duolingo by 350.0% during the 2nd quarter. GAMMA Investing LLC now owns 171 shares of the company’s stock worth $36,000 after purchasing an additional 133 shares during the period. Mark Sheptoff Financial Planning LLC acquired a new stake in Duolingo in the second quarter worth $36,000. Finally, Fifth Third Bancorp bought a new stake in Duolingo in the second quarter valued at $40,000. 91.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DUOL shares. UBS Group boosted their price objective on Duolingo from $225.00 to $355.00 and gave the stock a “buy” rating in a research report on Tuesday, October 8th. Piper Sandler reiterated an “overweight” rating and set a $271.00 price target on shares of Duolingo in a research report on Friday, August 30th. Bank of America raised their price target on Duolingo from $292.00 to $298.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Needham & Company LLC upped their price objective on shares of Duolingo from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, The Goldman Sachs Group raised their target price on shares of Duolingo from $198.00 to $250.00 and gave the company a “neutral” rating in a research note on Wednesday, October 16th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $277.22.

Insider Buying and Selling

In other Duolingo news, CFO Matthew Skaruppa sold 8,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the transaction, the chief financial officer now directly owns 95,731 shares in the company, valued at $15,939,211.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CFO Matthew Skaruppa sold 8,000 shares of the stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $166.50, for a total value of $1,332,000.00. Following the completion of the sale, the chief financial officer now owns 95,731 shares in the company, valued at $15,939,211.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Natalie Glance sold 1,500 shares of Duolingo stock in a transaction on Tuesday, August 6th. The shares were sold at an average price of $161.78, for a total value of $242,670.00. Following the transaction, the insider now owns 144,282 shares in the company, valued at $23,341,941.96. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 88,374 shares of company stock valued at $18,571,912. 18.30% of the stock is owned by corporate insiders.

Duolingo Stock Up 0.7 %

NASDAQ DUOL opened at $288.06 on Tuesday. Duolingo, Inc. has a 12 month low of $140.16 and a 12 month high of $297.56. The company has a market capitalization of $12.42 billion, a P/E ratio of 296.97 and a beta of 0.79. The company’s 50 day simple moving average is $245.16 and its 200 day simple moving average is $213.03. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.28 and a quick ratio of 3.28.

Duolingo (NASDAQ:DUOL) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $178.30 million during the quarter, compared to the consensus estimate of $177.13 million. Duolingo had a return on equity of 9.64% and a net margin of 10.44%. The company’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities research analysts expect that Duolingo, Inc. will post 1.87 earnings per share for the current fiscal year.

About Duolingo

Duolingo, Inc operates as a mobile learning platform in the United States, the United Kingdom, and internationally. The company offers courses in 40 different languages, including Spanish, English, French, German, Italian, Portuguese, Japanese, and Chinese through its Duolingo app. It also provides a digital English language proficiency assessment exam.